ECONOMY

Bloomberg TV Africa Begins Airing Three New Shows this February – African Business Weekly, Football Dynamics and African Women to Watch

This February, Bloomberg TV Africa will begin broadcasting three new shows to its over 200 million viewers. The new shows are African Business Weekly, Football Dynamics and African Women To Watch. African Business Weekly, which is anchored by Eleni Giokos,

Nigeria Will Have More People than the United States by 2050

The most important demographic story over the next few decades could be Nigeria. From a new Pew Research Global Attitudes Project report about attitudes toward aging around the world: India, it is projected, will secure global demographic primacy by 2050.

Transcorp Partners with General Electric to Improve Power Generation in Nigeria

Transcorp Ughelli Power Ltd (TUPL), the power subsidiary of Transnational Corporation of Nigeria, and General Electric (GE) have signed an agreement to expand the capacity of TUPL’s Ughelli power plant by 1000MW over the next 3 to 5 years. Both

FG to Phase Out Biodegradable Water Satchets, Other Plastics

Nigeria’s Federal Ministry of Environment has developed an action plan that will lead to a ban on light weight non-biodegradable plastics in the country, an official source in the ministry has revealed. The source made this disclosure to News Agency

ECOWAS Approves N8 billion for Lagos-Abidjan Highway

The heads of states of the Economic Community of West African States (ECOWAS) on Thursday approved $50 million (N8 billion) as contributory fund towards the feasibility studies and design of the six lanes of Lagos-Abidjan highway project. According to the

Prepared for Take-off: Dana Air Announces Readiness for Rectification

Dana Air is ready to go through another round of rectification by the aviation regulatory agencies in Nigeria, a statement by the airline has announced. Dana Air stated that it has addressed the issues raised by the Nigerian Civil Aviation

ONE Teams up with D’banj and African Partners to Launch ‘Do Agric’ at AU Summit

A new campaign by ONE, an international nonprofit organisation, has been launched with the aim of lifting more than 85 million Africans out of poverty through targeted investment in agriculture and “enhanced CAADP” policies The ONE Campaign, today, launched the

Nigeria’s Manufacturing Sector Grows 7.7 Percent – World Bank

Nigeria’s manufacturing sector grew from 6.5 percent to 7.7 percent in the 2012/2013 year, according to a report by the National Bureau of Statistics. Likewise, the retail and sales sector achieved a 2 percent growth from 22 percent to 24

Remi Ogunmefun Appointed New Director-General of Manufacturers Association of Nigeria

The Manufacturers Association of Nigeria (MAN) has announced the appointment of Remi Ogunmefun as its new director general. Ogunmefun takes over from Mr. Rasheed Adegbenro, who has been acting in the position since April 2013 after the retirement of Mr.

Emerging Market Turmoil Drives Volatility in the Global Currency Markets

The week has begun with a risk adverse market in the wake of last Friday’s turmoil which saw a basket of emerging market currencies engaged in a large sell-off over fears of capital outflows from emerging markets. The currencies involved

Africa Key to Global Food Crisis – Akinwunmi Adesina, Nigeria’s Minister for Agriculture

Nigeria’s Minister of Agriculture, Akinwunmi Adesina, has stated that the solution to the global food problem lies in Africa. The minister made this pronouncement during a meeting at the World Economic Forum, Davos, Switzerland. Adesina, in a chat with Channels

Nissan Rolls Out Made in Nigeria Cars in April

Nissan Motors will roll out the first set of ‘Made in Nigeria’ vehicles in April 2014. This was revealed in the outcome of a meeting President Goodluck Jonathan held with Carlos Ghosn, Chief Executive Officer of Nissan Motors during the

FG To Raise N300bn For Lagos-Ibadan Expressway and Reconstruction of other Major Roads

The Federal Government is gathering about N300bn from private investors for the construction and rehabilitation of three major roads in the country under the Public-Private Partnership model. The projects are the reconstruction of the Lagos-Ibadan Expressway, construction of the Second

5 Amazing Places to Visit in Abuja

Abuja is the capital city of Nigeria, which is located in its center. Building Abuja according to plan started in the 1980s. It officially became Nigeria’s capital on 12th December 1991, replacing Lagos, which is regarded as its commercial capital

NYSC, Bank of Industry Sign MoU on Entrepreneurial Skills Development

The National Youth Service Corps (NYSC) and Bank of Industry (BOI) have signed a Memorandum of Understanding (MoU) on entrepreneurship development for corps members. The pact will see BoI train and empower corps members in various vocations and give them

Dangote Group Considers Acquisition of Oil Blocks

The Dangote Group, a conglomerate of manufacturing companies owned by Aliko Dangote, Africa’s richest man, is considering purchasing oil fields in Nigeria. The planned purchase comes in the wake of news that international oil companies in Nigeria plan to sell

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